OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 717 shares, an increase of 154.3% from the June 15th total of 282 shares. Based on an average daily trading volume, of 1,163 shares, the days-to-cover ratio is currently 0.6 days.

OFS Credit Stock Up 0.1%

OCCIN opened at $24.84 on Tuesday. OFS Credit has a twelve month low of $24.21 and a twelve month high of $24.95. The company has a fifty day simple moving average of $24.78 and a 200 day simple moving average of $24.68.

Analyst Ratings Changes

Separately, Weiss Ratings cut OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.